Rye Patch Gold Initiates Lincoln Hill And Wilco Drill Programs

 

VANCOUVER, BC - Rye Patch Gold Corp.  reported that drilling programs at the Lincoln Hill and Wilco projects are underway. Presently, there are two reverse circulation (RC) drill rigs operating -- one at each property. A third drill (core) is scheduled to start at Lincoln Hill in mid-October.

At Lincoln Hill, the reverse circulation drill is testing the newly identified high-grade gold/silver targets located within a blanket-like surface halo gold zone. The surface halo mineralisation has a flat geometry comprised of multiple stockwork quartz-vein arrays which cover a large portion of the Lincoln Hill property. The blanket zone has gold and silver starting at the surface and geologic drill sections show the zone is between 20 and 75 metres thick. The drill program will consist of 2,500 metres (8,000 ft) of RC and 1,000 metres (3,000 ft) of core drilling, and is budgeted at US$680,000.

At Wilco, the drill program is focusing on a potential high-grade gold feeder system within the North Basin target. The last drillhole from the 2008 campaign, WR-087, returned the thickest and highest grade gold zone on the property - 38.1m @ 2.61 g/t Au. The North Basin has gold shows around the margin of its 1 kilometre diameter dimension, and geophysics shows a magnetic low (magnetite alteration) located under the centre of the basin. The drill program is budgeted at US$320,000.

The cost of these drill programs will total US$1 million with the majority of the funds being directed toward high-grade gold and silver targets. The Company has additional funding available for a follow-up program.

"The drill programs at Lincoln Hill and Wilco are designed to follow up on high-grade gold intercepts drilled at these properties in 2008. Success at one or both of these projects has the potential to contribute considerable to Rye Patch's significant gold and silver resource tally. To date, the Company has delivered gold resources at a robust finding cost of one dollar per ounce of gold and gold equivalents, and I believe our 2009 drill program can continue to deliver exciting results," commented William C. (Bill) Howald, the Company's CEO and President.

The company’s address is 1740-1177 West Hastings Street, Vancouver, BC V6E 2K3, (604) 638-1588, fax: (604) 638-1589, email: [email protected].